Businessmen from Armenian Diaspora formed a group of investors

Arminfo, Armenia
July 12 2018
Businessmen from Armenian Diaspora formed a group of investors

Yerevan July 12

Naira Badalian. World-class businessmen from the Diaspora initiated the creation of a group of investors, which announced the launch of the "Build Armenia" project.

As the statement of the group of investors says, the project's goal is to ensure the flow of large-scale investments to Armenia in order to stimulate repatriation. At the same time, it is planned to create a socio- economic favorable environment, which due to the formation of appropriate infrastructures will be able to accept the flow of repatriates.

The appeal of the group of investors, in particular, notes that taking into account the migration flows of Armenians from the Middle East, the Republic of Armenia faces the task of consolidating the Armenian potential, being responsible for preserving the identity of every Armenian, ensuring his well-being, security and development. At the same time, it is noted that the continuing assimilation of Diaspora Armenians threatens national identity.

According to the authors of the document, in the absence of a long-term and coordinated vision of development, the Armenian people continue to live and create in different parts of the world, not using their own unified potential. In addition, from the first day of the proclamation of the independence of the Republic of Armenia, the republic is in the blockade of the Turkish-Azerbaijani tandem, bearing the consequences of the militaristic and xenophobic rhetoric of these countries.

Since 1991, as the authors of the draft note, from Armenia there is an uncontrolled outflow of human capital, which threatens the national security of the country. In the Diaspora, financial capital has been formed, which does not serve the implementation of large-scale programs because of the lack of consolidation.

"An appropriate environment has been formed in the Republic of Armenia to accept the flow of returnees, and in the Diaspora there is a need to translate the long-standing idea of turning Armenia into the center of implementation of all-Armenian projects," the document says. In this regard, according to the initiative group, Armenia should be ready to accept compatriots in the social and economic terms. "We, the undersigned, start the project" Build Armenia "with an unprecedented initiative from the point of view of finance and geography that will ensure large-scale investments in Armenia, while we urge Armenian businessmen to join the initiative," the document says.

The first forum of entrepreneurs gathered around this idea will be held in the first quarter of 2019 in France.

The document was signed by Vartan Sirmakes, Switzerland, Arden Sellefyan, Switzerland, Hayk Hovhannisyan, Switzerland, Vartkess Knadjian, Belgium, Harout Missirian, Lebanon, Abraham Odemis (Abraham Odemis, France), Hratch Kaprielian (USA), Anushavan Nazarian, Kuwait, Harutyun, Hakob, Raffi, Shant Stampouli (Haroutune, Hagop, Raffi & Chant Istanboulli, Italy & United Arab Emirates), Patrick Arapian (France), Roy Arakelyan (France) and Sevak Artsruni (Armenia).